Funding you earn now, next payment 02:00 UTC−0.0025%/8h= −2.8% APRnext payment −$0.03 per $10,000 · paid last 24h +0.048%
Price spread now: RISEx against Deribit+0.030%7-day average +0.087% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$170.166% of the position
Funding, last 3 days (all we have)+0.086%+$9 on $10k
+Price spread, last 3 days (all we have)+0.066%+$7 · spread now +0.030%, 7d avg +0.087%
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and RISEx is 0.056% cheaper against Deribit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.087%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.086%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit QQQ_USDC-PERPETUAL | 744.37 | 0.0194 | pay 0.0024% / 1h | 15m 53s | $425K | $148K | 20x |
| Short | RISEx QQQ/USDC | 744.60 | 0.0168 | get 0.0021% / 1h | 15m 53s | $5.4M | $8.0M | 25x |
Deribit QQQ_USDC-PERPETUAL
RISEx QQQ/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Deribit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$5.35
- Price spread: +0.030% → +0.087%
- −$5.63
- Slippage, 4 orders
- −$3.6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- −$27.58
- Costs to cover
- 0.166%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 53 min ago; RISEx: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 53 min ago | 0.07 bp | 3.6 bp −$4 | 3.8 bp −$38 | doesn't fit | doesn't fit |
| Sell RISEx live order book, 3 min ago | 0.20 bp | 3.2 bp −$3 | 3.9 bp −$39 | doesn't fit | doesn't fit |
QQQ on 27 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GMX QQQ/USD [ETH-USDC] | L −0.0101% / S +0.0206% | 1h | 744.57 | +0.026% | $25K | — | 26x | as long as short |
| Ondo Perps QQQ-USD.P | −0.0093% | 1h | 743.32 | −0.141% | $4.2M | $1.9M | 20x | as long as short |
| Bybit QQQUSDT | 0.0000% | 8h | 744.72 | +0.047% | $10.7M | $5.0M | 50x | as long as short |
| OKX QQQ-USDT-SWAP | 0.0000% | 8h | 744.48 | +0.015% | $21.7M | $26.5M | 50x | as long as short |
| Gate QQQ_USDT | 0.0000% | 8h | 744.12 | −0.034% | $3.3M | $23.3M | 50x | as long as short |
| SunX QQQ-USDT | 0.0000% | 8h | 745.01 | +0.086% | $2K | $2.1M | 10x | as long as short |
| HTX QQQ-USDT | 0.0000% | 8h | 744.70 | +0.044% | $257K | $29K | 30x | as long as short |
| Phemex QQQUSDT | 0.0000% | 8h | 744.81 | +0.059% | $359K | $1.4M | 10x | as long as short |
| Aster QQQUSDT | +0.0006% | 8h | 744.46 | +0.012% | $841K | $712K | 20x | as long as short |
| Bitget QQQUSDT | +0.0029% | 8h | 744.60 | +0.031% | $16.9M | $5.9M | 20x | as long as short |
GMX QQQ/USD [ETH-USDC]
Ondo Perps QQQ-USD.P
Bybit QQQUSDT
OKX QQQ-USDT-SWAP
Gate QQQ_USDT
SunX QQQ-USDT
HTX QQQ-USDT
Phemex QQQUSDT
Aster QQQUSDT
Bitget QQQUSDTShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter QQQ | +0.0032% | 1h | 744.32 | −0.007% | $7.7M | $17.8M | 30x | as long as short |
| Lighter RH QQQ | +0.0032% | 1h | 744.73 | +0.048% | $37.4M | $80.3M | 50x | as long as short |
| Arcus QQQ-USD | +0.0040% | 1h | 743.70 | −0.090% | $705K | $1.6M | 25x | as long as short |
| Vest QQQ-USD-PERP | +0.0046% | 1h | 745.52 | +0.154% | — | $337K | 50x | as long as short |
| Coinbase International QQQ-PERP-INTX | +0.0048% | 1h | 744.11 | −0.035% | $1.2M | $538K | 20x | as long as short |
| Variational Omni QQQ | +0.0056% | 8h | 744.43 | +0.008% | $17.1M | $7.6M | — | as long as short |
| Binance QQQUSDT | +0.0083% | 8h | 744.56 | +0.026% | $71.1M | $147.2M | 25x | as long as short |
| KuCoin QQQUSDTM | +0.0100% | 8h | 744.26 | −0.015% | $3.4M | $412K | 20x | as long as short |
| ApeX Omni QQQUSDT | +0.0100% | 1h | 744.10 | −0.036% | $20K | $2.2M | 50x | as long as short |
| Orderly PERP_QQQ_USDC_mythos | +0.0100% | 8h | 744.28 | −0.012% | $12K | $21K | 20x | as long as short |
| Aevo QQQ-PERP | +0.0104% | 1h | 743.76 | −0.081% | $93K | $1K | 10x | as long as short |
| Nado QQQ-PERP | +0.0122% | 1h | 744.17 | −0.027% | $1.5M | $953K | 20x | as long as short |
| RISEx QQQ/USDCshort | +0.0168% | 1h | 744.60 | +0.030% | $5.4M | $8.0M | 25x | |
| Phoenix QQQ | +0.0183% | 1h | 744.18 | −0.026% | $38K | $66K | 20x | as long as short |
| Deribit QQQ_USDC-PERPETUALlong | +0.0194% | 1h | 744.37 | long leg | $425K | $148K | 20x | |
| GRVT QQQ_USDT_Perp | +0.0198% | 8h | 744.63 | +0.035% | $320K | $1.8M | 10x | as long as short |
| edgeX QQQUSDC | +0.0490% | 4h | 744.37 | 0.000% | $761K | $335K | 20x | as long as short |
Lighter QQQ
Lighter RH QQQ
Arcus QQQ-USD
Vest QQQ-USD-PERP
Coinbase International QQQ-PERP-INTX
Variational Omni QQQ
Binance QQQUSDT
KuCoin QQQUSDTM
ApeX Omni QQQUSDT
Orderly PERP_QQQ_USDC_mythos
Aevo QQQ-PERP
Nado QQQ-PERP
Phoenix QQQ
GRVT QQQ_USDT_Perp
edgeX QQQUSDC